(Per : HONOURABLE MR.JUSTICE V. M. SAHAI)
1. We have heard Ms. Mauna Bhatt, learned counsel for the appellant and Mr. R. K. Patel for the respondent.
2. Admit.
3. We formulate the following substantial questions of law arise in this tax appeal.
"[A] Whether the Appellate Tribunal is right in law and on facts in reversing the order passed by CIT (A) and thereby deleting the addition of Rs.1,05,37,605/- made on account of bogus freight expenses?
[B] Whether the Appellate Tribunal is right in law and on facts in reducing the enhancement of income of Rs.44,54,400/- by the CIT(A) on the basis of loose papers found during the course of search to Rs.32,14,400/-?
[C] Whether the Appellate Tribunal is right in law and on facts in holding that interest u/s. 158BFA(i) was not to be charged, in the instance case, though the CIT(A) had given a specific finding that the delay in collecting the copies of the seized material was attributable to the assessee?
4. Paper-book be ready within three months.
[V.
M. SAHAI, J.] [N.
V. ANJARIA, J.] Amit Top